After discovering that the majority of its workers choose to work remotely, Yelp is shutting three of its U.S. offices.
Yelp Cofounder and CEO Jeremy Stoppelman announced the closure of the company’s operations in Chicago, New York, and Washington, D.C., effective July 29. The online review and booking business also intends to reduce the size of its Phoenix headquarters.
“Combined, the three offices we’re closing saw a weekly average utilization of less than 2% of the available workspaces.”Jeremy Stoppleman, Cofounder and CEO, Yelp
Yelp, situated in San Francisco, declared a remote-first work paradigm in February 2021. Yelp, according to Stoppelman, has demonstrated that a remote staff can be productive and remote work is the future. He cited the company’s record sales of just over $1 billion in 2021 as evidence.
According to internal studies, 86% of Yelp employees prefer to work remotely all or most of the time, and 87% believe it increases their productivity, the CEO stated. Only 1% of the firm’s worldwide staff has been visiting an office every day since the company started reopening its offices roughly nine months ago.
The remote-first philosophy, according to Stoppelman, has also aided in recruitment.
“Our workforce was previously concentrated in the areas where we have offices, and now we have employees spread across every state in the U.S. and four countries.”Jeremy Stoppleman, Cofounder and CEO, Yelp
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